Chidambaram to Indians: Please, dont buy gold

The government plans to announce a review of the foreign direct investment limits as also coal pricing and allocation to power plants and gas pricing by the end of June, finance minister Palaniappan Chidambaram told reporters on Thursday.

The government plans to announce a review of the foreign direct investment limits as also coal pricing and allocation to power plants and gas pricing by the end of June, finance minister Palaniappan Chidambaram told reporters on Thursday. (PTI)

The various measures taken by the government since last September have yielded significant results and the government is looking forward to more reforms in the coming days, he said, adding that the government is encouraging every ministry to accelerate spending early.

The various measures taken by the government since last September have yielded significant results and the government is looking forward to more reforms in the coming days, he said, adding that the government is encouraging every ministry to accelerate spending early. (PTI)

Chidambaram said that net gold imports have fallen from an average of $135 million in the first half of May to $36 million in the second half of last month, adding it should have a positive impact on markets.

Chidambaram said that net gold imports have fallen from an average of $135 million in the first half of May to $36 million in the second half of last month, adding it should have a positive impact on markets. (AP)

Chidambaram also welcomed Wednesday's measures from the market regulator to increase government debt limits for long-term investors, and said Indian bond yields should still attractive to foreign investors.

Chidambaram also welcomed Wednesday's measures from the market regulator to increase government debt limits for long-term investors, and said Indian bond yields should still attractive to foreign investors. (PTI)